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Risk-on sentiment took a hit amid global lockdown fears – DOW JONES Market Outlook – 05/01/2021


The Dow shed almost 3% after hitting our long target at all time highs, as risk on sentiment took a hit with Covid-19 infections continuing to increase at a faster rate with lockdowns looking to stay for longer, while vaccinations still failed to pick up pace. Today’s session to be volatile as Georgia senate race continues ahead of tomorrow’s FOMC minutes. An hourly close below 30235 to favor further downside with 30120 as the closest support target.

Support: 30235 / 30120 / 30000
Resistance: 30330 / 30400

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/risk-on-sentiment-took-a-hit-amid-global-lockdown-fears-dow-jones-market-outlook-05-01-2021
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